credit

Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that...

READ MORE >
California Institutes New Credit Card Code for Gun Sellers
California Institutes New Credit Card Code for Gun Sellers
July 08, 2024  |  Credit Cards

California now requires credit card companies to designate a code for gun sellers. California became the first state in the country to enforce a four-digit...

READ MORE >
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
July 08, 2024  |  VISA

There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services...

READ MORE >
CFPB’s Spotlight on Medical Payment Products Threatens Chilling Effect on Healthcare Access
CFPB’s Spotlight on Medical Payment Products Threatens Chilling Effect on Healthcare Access
July 03, 2024  |  Healthcare

The Consumer Financial Protection Bureau (CFPB) is sharpening its focus on healthcare payments, and the result may be that at least for some consumers who...

READ MORE >
State Bank of India Launches Web-Based Invoice Financing Solution
State Bank of India Launches Web-Based Invoice Financing Solution
July 01, 2024  |  B2B Payments

The State Bank of India reportedly launched a web-based invoice financing solution for microbusinesses and small- to medium-sized businesses (SMBs). The new MSME Sahaj solution...

READ MORE >
Synchrony: Personalized Financing Strategy Boosts Big-Ticket Commerce
Synchrony: Personalized Financing Strategy Boosts Big-Ticket Commerce
July 01, 2024  |  Retail

Macroeconomic uncertainty over inflation and interest rates is affecting big-ticket items and leading to shifts among consumers. More homeowners — who have opted not to...

READ MORE >
Two-Thirds of Financially Stressed Consumers Revolve Their Credit Card Balances Each Month
Two-Thirds of Financially Stressed Consumers Revolve Their Credit Card Balances Each Month
June 27, 2024  |  Consumer Finance

As consumers look for ways to make ends meet, many of those who do not have a financial safety net are forced to carry their...

READ MORE >
Motive Debuts ‘Missed Savings’ to Help Fleets Cut Fuel Costs
Motive Debuts ‘Missed Savings’ to Help Fleets Cut Fuel Costs
June 26, 2024  |  Credit Cards

Fleet management platform Motive is offering its card customers a new way to cut fuel costs. Missed Savings for Motive Card customers is what the...

READ MORE >
Consumers Are Tired of Merchant Surcharges and Tipflation
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024  |  Economy

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and...

READ MORE >